SushiSwap is a leading decentralized exchange (DEX) that enables users to trade cryptocurrencies without the need for intermediaries. Launched in August 2020 by the pseudonymous developer Chef Nomi, it began as a fork of Uniswap, aiming to enhance the decentralized finance (DeFi) ecosystem by offering additional incentives to liquidity providers. The platform operates on an automated market maker (AMM) model, utilizing liquidity pools and smart contracts to facilitate seamless token swaps across multiple blockchain networks, including Ethereum, Polygon, BNB Chain, and Avalanche.
Beyond simple token swaps, SushiSwap has expanded its services to encompass a comprehensive suite of DeFi offerings. Users can participate in yield farming through the BentoBox feature, engage in lending and borrowing via Kashi, and stake SUSHI tokens to earn rewards and participate in governance decisions. The SUSHI token not only incentivizes liquidity provision but also empowers holders with voting rights on protocol upgrades and changes. As of June 2025, SushiSwap supports 28 blockchains and boasts a Total Value Locked (TVL) exceeding $120 million, underscoring its significant position in the DeFi landscape.
Website: https://sushi.com
Highlights
SushiSwap is a decentralized exchange (DEX) that operates across multiple blockchain networks, including Ethereum, Polygon, BNB Chain, and Avalanche.
It was launched in August 2020 as a community-driven fork of Uniswap, introducing additional incentives for liquidity providers.
The platform offers a range of DeFi services, including token swaps, liquidity provision, yield farming, lending, and borrowing.
SushiSwap's native token, SUSHI, serves as a governance token, allowing holders to participate in protocol decisions and earn a share of trading fees.
As of June 2025, SushiSwap supports 28 blockchains and has a Total Value Locked (TVL) exceeding $120 million.
